Borrowers

﻿ HECM abuses when borrower no longer occupies the property pose risk to FHA’s MMI fund How quickly are HECM properties sold or called due and payable when the last borrower has died or moved out? More importantly, how many properties with a HECM are sitting on the books for years

[vimeo id=”26137514″ width=”601″ height=”338″] Extended pain? It’s much like tearing a band-aid off a wound. Do it slowly and it hurts much longer. Do it quickly and it hurts bad but the event is over quickly. It appears that banks while foreclosing are holding off on putting them back on